European crypto investment firm CoinShares has released a digital assets flows report for last week. The publication showed net inflows reached $785 million, marking a fifth consecutive profitable week. The inflows raised digital assets’ year-to-date gains to about $7.5 billion, exceeding the previous $7.2 billion peak value in early February.
Last week’s inflows also erased about $7 billion in outflows recorded during the February to March market correction. This existing trend suggests faith in digital assets’ reward potential. Analysts have attributed the persistent inflows to growing crypto adoption, especially as several regions of the world now embrace digital assets.
CoinShares reports $785M in digital asset inflows last week, the fifth straight week, bringing 2024 YTD inflows to $7.5B. Bitcoin led with $557M, while Ethereum saw $205M, boosted by the Pectra upgrade and the appointment of new co-executive director Tomasz Stańczak.…
As usual, Bitcoin (BTC) had the highest net weekly inflows. CounShares noted, “Bitcoin attracted US$557m in inflows, a decrease from the prior week, likely due to continued hawkish signals from the US Federal Reserve.” The crypto investment firm added that Short-Bitcoin products recorded their fourth straight weekly gains, summing up to $5.8 million. These consistent profits suggest strategic investors’ positioning amid the crypto market’s recent price spikes.
CoinShares also highlighted Ethereum’s impressive performance in the just-concluded week. The crypto investment company stated: “Ethereum was the standout performer, with $205 million in inflows last week and $575 million YTD, indicating renewed investor optimism.”
CoinShares attributed the renewed investors’ interest in Ethereum to the recent suscessful pectra upgrade. It also noted that Tomasz Stańczak’s appointment as the new co-executive director contributed to Ethereum’s stellar performance. In contrast, Solana (SOL) was the only ETP with net outflows last week. CoinShares reported that SOL forfeited roughly $0.89 million.
How Different Countries Contributed to the Digital Asset Inflows
Three countries contributed significantly to last week’s profits. They include the United States, Germany, and Hong Kong. CoinShares noted that these countries had net inflows of about $681 million, $86.3 million, and $24.2 million, respectively.
Per CoinShares, the $24.2 million recorded by Hong Kong became the nation’s highest inflow since November last year. On the other hand, three countries saw significant outflows, with Sweden topping the chart after forfeiting $16.3 million. Others include Canada and Brazil. These nations lost $13.5 million and $3.9 million, respectively.
Earlier today, renowned on-chain crypto transactions tracker, Lookonchain, reported that a whale sold 7,000 ETH worth $16.88 million at a $16.28 million loss. According to Lookonchain, this investor purchased 13,479 ETH for $48.82 million at an average cost of $3,622.
The above token accumulations happened between December 4, 2024 and January 13, 2025. The on-chain tracker added that this large investor still owns 6,479 ETH, valued at about $15.66 million.
An $ETH whale capitulated and sold 7,000 $ETH($16.88M) at a loss an hour ago.
This whale withdrew 13,479 $ETH($48.82M) from #Binance at a high price of $3,622 from Dec 5, 2024 to Jan 13, 2025.
In a separate tweet, Lookonchain reported another ETH selloff. Unlike the other investor trader made profits from his recent sales after incurring losses, totalling $1.8 million on three previous occasions. This investor gained $1.9 million from selling $2,534 ETH worth $5.86 million.
After 3 consecutive losses on $ETH, this whale finally locked in a win.
30 minutes ago, the whale sold 2,534 $ETH($5.86M) for a $1.9M profit.
Bitcoin and Ethereum Records Slight Drop Despite Market Dip
CoinGecko data revealed that the crypto market is down 2.6% in the past 24 hours, with a $3.441 trillion valuation. However, Bitcoin’s market statistics showed a slight 0.4% upswing in the past 24 hours, with a $105,200 selling price. Bitcoin’s market capitalisation reflected the slight spike with its $2.09 trillion valuation.
Like Bitcoin, Ethereum is up 1.2% in the past 24 hours and has a market value of about $2,500. ETH’s 7-day-to-date data revealed that the token surged 1.2% and fluctuated between 2,370.84 and $2,693.09.
Disclaimer: This article is intended solely for informational purposes and should not be considered trading or investment advice. Nothing herein should be construed as financial, legal, or tax advice. Trading or investing in cryptocurrencies carries a considerable risk of financial loss. Always conduct due diligence before making any trading or investment decisions.
